AB High Income Municipal Portfolio (ABTYX)
The fund invests principally in high-yielding municipal securities that may be non-investment grade or investment grade. It normally invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the AMT for certain taxpayers. The fund may invest without limit in lower-rated securities.
Fund Info
| ISIN | US0186427441 |
|---|---|
| Issuer | AllianceBernstein |
| Inception Date | Jan 25, 2010 |
| Category | High Yield Muni |
| Minimum Investment | $0 |
| Asset Class | Bond |
Expense Ratio
The AB High Income Municipal Portfolio has a high expense ratio of 0.53%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in AB High Income Municipal Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
AB High Income Municipal Portfolio had a return of 1.19% year-to-date (YTD) and -4.12% in the last 12 months. Over the past 10 years, AB High Income Municipal Portfolio had an annualized return of 3.03%, while the S&P 500 had an annualized return of 9.79%, indicating that AB High Income Municipal Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -2.43% | 0.86% |
| Year-To-Date | 1.19% | 9.53% |
| 6 months | 1.77% | 4.45% |
| 1 year | -4.12% | 1.14% |
| 5 years (annualized) | 1.49% | 9.36% |
| 10 years (annualized) | 3.03% | 9.79% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.55% | -3.23% | 1.97% | 0.54% | ||||||||
| 2022 | -2.39% | 6.92% | -0.50% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for AB High Income Municipal Portfolio (ABTYX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ABTYX AB High Income Municipal Portfolio | -0.30 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
AB High Income Municipal Portfolio granted a 6.06% dividend yield in the last twelve months. The annual payout for that period amounted to $0.61 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.43 | $0.41 | $0.45 | $0.47 | $0.51 | $0.48 | $0.49 | $0.53 | $0.56 | $0.57 | $0.58 |
Dividend yield | 6.06% | 4.36% | 3.50% | 4.08% | 4.49% | 5.45% | 5.18% | 5.78% | 6.32% | 7.04% | 8.46% | 7.92% |
Monthly Dividends
The table displays the monthly dividend distributions for AB High Income Municipal Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.04 | $0.03 | $0.04 | $0.03 | ||||||||
| 2022 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.07 |
| 2017 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2015 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 |
| 2013 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2012 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the AB High Income Municipal Portfolio. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the AB High Income Municipal Portfolio is 21.13%, recorded on Oct 26, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.13% | Jan 4, 2022 | 205 | Oct 26, 2022 | — | — | — |
| -17.8% | Mar 2, 2020 | 15 | Mar 20, 2020 | 187 | Dec 15, 2020 | 202 |
| -13.31% | May 10, 2013 | 78 | Aug 29, 2013 | 179 | May 16, 2014 | 257 |
| -11.55% | Oct 26, 2010 | 58 | Jan 18, 2011 | 138 | Aug 4, 2011 | 196 |
| -8.15% | Sep 9, 2016 | 61 | Dec 5, 2016 | 171 | Aug 10, 2017 | 232 |
Volatility Chart
The current AB High Income Municipal Portfolio volatility is 1.29%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.